CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceCRCLUSDT	82.590	+0.0330	pay 0.0330% / 8h	5h 58m	$136.4M	$256.1M	50x	Long Binance
SHORT	PopdexCRCLUSDT	82.560	+0.0048	get 0.0006% / 1h	58m 24s	$368K	$175K	20x	Short Popdex

Price gap−0.036%

Funding gap−0.0282% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.040% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$27−0.0282% /8h now · paid −0.266% over the last 7D

Price−$4spread −0.036% now, avg +0.004% → −0.040% if it goes back

Costs−$240.242% of $10k · taker + slippage, in and out

Result−$55−0.55%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / ExitPopdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.036%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 36 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

OK: Fits both order books4.6 / 7.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$200 + $500
Binance 50x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$8.47Long Binance: 3 payments, −$9.91; short Popdex: 24 payments, +$1.44.
Watch: Gap narrower than usual−0.036% vs +0.004%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$368K vs $136.4M OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBinance Yes · Popdex No
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0139%/8h × 21 periods−$29.18

Price spread−0.036% → +0.004% (7d avg)−$4.05

Slippage, 4 orderslive order books−$9.76

Fee Binance bp × 2 orders−$8.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$57.38

Costs to cover0.242%Break-evennever at this rate

Slippage: Binance: live order book, 10 min ago; Popdex: live order book, 34 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBinance0.604.6 bp−$57.7 bp−$7726.6 bp−$2,66386.7 bp−$43.4K

SELL · SHORTPopdex1.817.5 bp−$816.5 bp−$165doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

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